Home » Business News • Employment News » Who’s Getting What Salary? Deliveroo and Carnival cruise bosses both see hefty pay increases

Who’s Getting What Salary? Deliveroo and Carnival cruise bosses both see hefty pay increases

By Kris Paterson in Business News, posted July 5, 2022

Deliveroo boss and founder, Will Shu, received a 15.6% pay rise, taking his salary from £519,200 to £600,000 this year, says The Guardian.

It follows a 47 percent rise between 2020 and 2021.

Shu was also handed shares worth £5.2m in the takeaway delivery firm, and he is set to get another £5m worth next April, as part of a six-year package agreed at the time of Deliveroo's initial public offering last year, then worth £105.6m.

Its valuation has since fallen to just over £30m.

Carnival, the cruise operator behind the Princess, Cunard, and P&O brands, has announced a $15.1m pay package for its boss, Arnold Donald, for the year to last November.

It consists of $1.5m in salary, a $6m bonus, and $7.5m in stock. The total is up on the $13.3m that Donald was paid for 2020 and put the firm, which is listed in London and New York, on a collision course with shareholders.

Proxy adviser Institutional Shareholder Services has recommended investors vote against it.

Source: MoneyWeek

Kris Paterson is a writer for WhatJobs.com.

Follow us on YouTube,Twitter,LinkedIn, and Facebook